Almost precisely four years after unveiling its first electric pickup, and after a long series of delays, Tesla finally delivered the first Cybertruck to customers at its Texas assembly plant on Thursday afternoon. The question is whether the all-electric pickup will live up to the hype it has received –considering it falls well short of its original range target while prices are 50% higher than what was promised in 2019. Even the automaker’s CEO Elon Musk isn’t as confident as normal.
A judge in Florida cited “reasonable evidence” that Tesla and its CEO Elon Musk knew the automaker’s Autopilot system had a potentially fatal defect, a finding that could create serious problems for Tesla as it faces the third trial this year over the semi-autonomous driving system.
Tesla CEO Elon Musk has bandied about plans for a $25,000 electric vehicle for a few years now. However, that vehicle — dubbed the Model 2 by some — appeared to be pushed to the wayside as the EV maker focused on bringing the Cybertruck to the market. However, there are reports the “cheap” EV is front and center again. Get details at Headlight.News.
If you have “Tesla becomes an EV charging company” on your list of things to happen in 2023, cross it off: BP just placed an order for $100 million worth of “ultra-fast” chargers with Tesla. The chargers will hit the U.S. next year, reports Headlight.News.
Just how far an electric vehicle will actually travel on a full charge compared to what each EV maker claims is always up for debate. However, the U.S. Department of Justice appears to be taking a closer look at Tesla’s range claims. Get details at Headlight.News.
Sometimes you can’t wait for the day to end, and that’s probably the case for Tesla investors who watched the stock stumble since the automaker delivered a weak third-quarter earnings report, sending shares tumbling for two days in a row. Among those hardest hit, CEO Elon Musk whose own holdings have now lost more than $20 billion in value.
The impact of Tesla’s price cuts hit home in the third quarter as its earnings fell on a year-over-year basis. Perhaps more importantly, more price cuts are expected to come in the fourth quarter at the company pushes to meet its goal of delivering 1.8 million vehicles globally. More cuts means a tough final quarter — fiscally anyway. Details at Headlight.News.
Consumers and automakers alike are grappling with the sudden changes to EV prices occurring what seems to be weekly. Nissan is celebrating this week while Tesla has been offering up warnings. Find out why at Headlight.News.
EV leader Tesla is cutting prices again. The sales leader in the segment is looking to offset some economic uncertainties in order to set another full-year sales record. Find out more at Headlight.News.
The arrival of Tesla’s Cybertruck is often preceded by phrases like “oft-delayed” or “long overdue,” and the company’s missed another deadline, suggesting deliveries would start in Q3 and they won’t. This delay contributed to the company’s Q3 sales shortfall. Details at Headlight.News.
But the downturn could be short-lived as automaker is ready to roll out new models. Get the details at Headlight.News.
Semi-autonomous system blamed for motorist’s death and two serious injuries. EV maker continues to deal with issues related to the technology. Get the details at Headlight.News.